NFTs died a slow, painful death in 2023 as most are now worthless

The world went ape for digital drawings of primates in 2022. In 2023, we acquired bored.

Non-fungible tokens, or NFTs, have been touted as a revolutionary expertise that will upend the idea of possession – and, extra broadly, the worldwide economic system. These digital identifiers of possession are saved on the blockchain, the identical expertise that underpins cryptocurrencies like bitcoin, however for most individuals the phrase calls to thoughts unusual pictures bought at excessive costs.

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